Singapore High-Sulphur Marine Fuel Prices Fall on Oversupply and Weak Demand | Bunkering Market Update 2025

High-sulphur marine fuel (HSFO) prices in Singapore have been weighed down by ample supply from multiple global sources, while demand remains relatively subdued, according to industry sources.

As the world’s largest bunkering hub, Singapore has seen pressure on marine fuel sellers and traders, with margins squeezed due to weak price differentials. Profits typically rely on HSFO trading at a premium over fuel oil cargo prices to offset logistical and operational costs.

However, current market conditions show that Singapore's 380cst HSFO prices remain soft, consistently trading at discounts to cargo assessments. "The HSFO market is flush with supply from countries like Mexico, Iraq, and India," noted a Singapore-based fuel oil trader.

Interestingly, some recent HSFO cargo trades have fetched prices above the levels seen in ex-wharf bunkering offers. Spot differentials for fuel oil have hovered around premiums of over $6 per tonne above cargo quotes. In contrast, ex-wharf marine fuel—where sellers are responsible for delivering the fuel to the terminal—has been offered at modest discounts, highlighting the downward price pressure.

On a delivered basis, which includes barge transportation costs, 380cst HSFO bunker fuel prices have shown only marginal premiums above fuel oil cargo quotes. “Supply is undeniably strong, but demand remains lackluster,” said one HSFO bunker supplier.

Port authority data shows that high-sulphur marine fuel sales at Singapore averaged around 1.6 million tonnes per month in 2025.

The Role of Cabling in Marine Fuel Infrastructure
The efficiency and safety of bunkering operations in ports like Singapore are heavily reliant on robust power and control systems—particularly in the form of specialized cabling infrastructure. These cables are essential for powering pumping systems, monitoring temperature and pressure sensors, and ensuring safe communication between refuelling equipment and control centers.

In marine and port environments, cables must be engineered for high resistance to oil, saltwater, UV radiation, and mechanical stress. Common types include flame-retardant, halogen-free cables and flexible rubber-sheathed power cables tailored for dynamic applications such as those found in cranes, tankers, and fueling barges.

For instance, Port Crane Cable is commonly used to connect moving components of loading arms and fueling systems. These cables must meet strict safety and performance standards to minimize downtime and prevent hazards in volatile fuel-handling environments. The integration of quality cabling is not only a regulatory necessity but also a key factor in sustaining efficient marine fuel logistics.

About Feichun Cable
Feichun Cable is a trusted manufacturer specializing in high-performance cables designed for demanding marine and port applications. With a product range that includes flexible port crane cables, flame-retardant marine power cables, and customized solutions for harsh environments, Feichun delivers reliability and safety to support critical infrastructure worldwide. Backed by rigorous testing and quality assurance, Feichun Cable ensures that your operations remain connected, compliant, and efficient.

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